If you’re working on public works or government-funded projects, you’re required to pay prevailing wage — including fringe benefits.
Many contractors:
There is a smarter way to structure your retirement plan
WHAT WE DO
TLC4 Prevailing Wage provides customized retirement plans specifically structured for:
We design compliant 401(k) plans that allow bona fide fringe contributions to be properly allocated and documented — helping contractors reduce payroll burden while strengthening employee retirement benefits.
This is not a generic 401(k).
This is a construction-specific compliance strategy.
HOW IT WORKS
We coordinate with payroll providers, TPAs, and recordkeepers to ensure proper plan structure and ongoing compliance.
We understand certified payroll, fringe crediting, and the complexities of public works compliance.
Most 401(k) providers are not equipped to design plans around prevailing wage requirements.
TLC4 Prevailing Wage works exclusively with construction contractors navigating:
With over 17 years of experience in retirement plan consulting, we help contractors structure plans correctly from day one.
Can prevailing wage fringe benefits be deposited into a 401(k)?
Yes — when structured properly as a bona fide fringe benefit plan consistent with applicable regulations.
Does this work for companies that only perform some public works projects?
Yes. Plans can be designed for contractors with mixed workforces doing both public and private work.
Will this reduce my payroll taxes?
When implemented correctly, certain payroll-related costs may be reduced compared to paying fringes as taxable cash.
What states do you serve?
We work with public works contractors nationwide.
"Landtek has maintained a relationship with Tracy Carver for over 15 years, she presented Landtek with a program to help save on direct costs by implementing a 401k plan for all prevailing wage projects. This program benefited Landtek as well as its employees. Tracy is extremely knowledgeable about the program and the benefits. She is always responsive, professional and a team leader. I would recommend Tracy and her program to every construction company!"
-Stephanie, VP of Finance, The Landtek Group
"I have worked with her (Tracy) in this organization and she is very passionate about her work and is a real joy to be around. You can only improve when Tracy is on your team. "
"Tracy is very personable and a knowledgeable person about the business she is in. She is able to clearly provide the answers to any questions about the Benefit Plan that she promotes. She fully supports her clients as well as the organizations to which they belong. I look forward to continuing to work with Tracy in the future. "
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Membership/Licenses:
--NJ IEC - Independent Electrical Contractors
--LICA NJ Land Improvement Contractors
--State of NJ Life & Health Insurance Producer License